Separately managed accounts ranked by first-quarter returns

The latest SMA rankings broken down by sector
MAY 03, 2015

U.S. large-cap equity

Product1Q return1-year return3-year return5-year return5-year std dev5-year Sharpe ratioAssets ($M)ManagerLocation
Navellier & Associates - Large Cap Growth Portfolio7.70%19.89%16.37%16.90%13.41%1.25$1,651.2 TeamReno, Nev.
Janus Capital Management - Concentrated Growth MA (Retail)7.65%21.41%17.50%13.97%15.87%0.88$4,980.8 Douglas RaoDenver
Winslow Capital - Large Cap Growth7.11%19.75%16.33%16.03%17.46%0.91$35,962.0 TeamMinneapolis
BRC Investment Management - Large Cap Concentrated Equity6.94%16.50%19.25%16.56%16.45%1.00$432.7 TeamGreenwood Village, Colo.
Logan Capital Management Inc. - Logan Large Cap Growth6.60%16.08%15.14%15.12%19.66%0.76$778.8 TeamArdmore, Pa.
Northern Trust Asset Management - Large Cap Growth6.49%19.24%15.30%15.34%16.58%0.92$130.7 TeamWest Palm Beach, Fla.
Ziegler Capital Management - Red Granite Large Cap Growth*6.32%18.94%17.32%15.71%15.42%1.01$589.5 TeamChicago
AllianceBernstein - Strategic Research*6.22%15.92%17.51%15.05%20.18%0.74$2,785.4 Daniel C. RoartyNew York
JAG Capital Management - Large Cap Growth Equity5.96%15.97%15.55%16.74%16.47%1.01$522.5 TeamSt. Louis, Mo.
Wakefield Asset Management - Large Cap Equity5.93%15.61%20.45%19.19%15.62%1.22$163.7 G. Todd GervasiniEnglewood, Colo.
Deutsche Asset & Wealth Management - US Large Cap Quality Growth5.82%20.75%17.61%15.09%16.80%0.89$2,990.3 TeamNew York
Granite Investment Partners - Large Cap Equity5.82%19.88%15.81%15.14%16.70%0.90$403.1 TeamEl Segundo, Calif.
Insight Capital Research and Management - Large Cap Growth5.67%18.38%20.58%17.58%16.28%1.07$116.3 Randy YurchakWalnut Creek, Calif.
Chase Investment Counsel - Large Cap Growth*5.63%16.48%17.38%15.97%13.40%1.19$171.0 TeamCharlottesville, Va.
Argent Capital Management - Large Cap Equity5.59%14.55%17.46%16.17%16.69%0.96$2,720.5 TeamSt. Louis, Mo.
S&P 5000.95%12.74%16.12%14.47%14.45%1.00

U.S. mid-cap equity

Product1Q return1-year return3-year return5-year return5-year std dev5-year Sharpe ratioAssets ($M)ManagerLocation
The London Company - Small Cap10.07%9.44%16.57%17.41%17.19%1.01$3,596.0 TeamRichmond, Va.
New Amsterdam Partners - Mid Cap Growth Socially Responsible Active Equity*8.89%17.23%17.11%18.14%17.60%1.03$605.9 TeamNew York
Eagle Asset Management - Mid Cap Growth - Institutional8.15%16.53%18.78%17.12%18.80%0.91$1,111.9 TeamSt. Petersburg, Fla.
New Amsterdam Partners - Small-Mid Cap Active Equity*8.15%10.93%18.27%18.99%20.81%0.91$200.9 TeamNew York
Eagle Asset Management - Mid Cap Growth - Retail8.12%16.01%18.07%16.52%18.56%0.89$390.4 TeamSt. Petersburg, Fla.
New Amsterdam Partners - Mid Cap8.05%16.32%16.20%18.15%18.01%1.00$339.2 TeamNew York
The London Company - SMID Cap7.98%10.08%17.48%18.21%15.57%1.16$1,307.9 TeamRichmond, Va.
PENN Capital Management - PENN Mid Cap Core Equity7.92%5.76%13.57%11.56%21.06%0.54$166.8 TeamPhiladelphia
Fred Alger Management Inc. - Mid Cap Growth7.71%15.64%18.31%14.81%18.87%0.78$579.2 TeamNew York
PENN Capital Management - PENN Small to Mid Cap Core Equity7.58%8.32%14.66%11.25%22.33%0.50$443.2 TeamPhiladelphia
Oak Ridge Investments - Mid Cap Growth7.50%15.06%14.27%15.76%16.42%0.95$187.3 TeamChicago
Kayne Anderson Rudnick - Small to Mid Cap Portfolio*7.39%19.56%15.36%15.24%14.23%1.06$754.8 TeamLos Angeles
Oak Ridge Investments - Small to Mid Cap Growth7.08%15.12%18.79%17.36%16.18%1.07$3,591.3 TeamChicago
Ariel Investments - Ariel Small/Mid Cap Value Wrap*6.96%22.41%22.00%17.07%22.41%0.76$3,065.5 John W. Rogers, Jr.Chicago
Kayne Anderson Rudnick - Mid Cap Core*6.92%24.99%18.88%17.00%14.27%1.19$154.8 TeamLos Angeles
Russell Midcap3.95%13.68%18.10%16.16%16.47%0.98

U.S. small-cap equity

Product1Q return1-year return3-year return5-year return5-year std dev5-year Sharpe ratioAssets ($M)ManagerLocation
Timpani Capital Management - Small Cap Growth*11.14%12.99%21.50%19.56%22.18%0.88$339.4 Brandon M. Nelson, CFAMilwaukee
McKinley Capital Management - Small Cap Growth10.28%11.71%22.84%18.86%20.33%0.92$437.5 TeamAnchorage, Ala.
Federated Investors Inc. - MDT Small Cap Growth*10.15%8.15%16.29%18.39%22.07%0.83$121.0 TeamPittsburgh
Oberweis Asset Management Inc. - Small Cap Growth10.09%1.81%16.17%13.69%21.85%0.62$135.0 TeamLisle, Ill.
Suffolk Capital Management - Small Cap Growth9.19%9.00%15.59%15.14%23.31%0.65$191.5 Donald M. GilbertNew York
LMCG Investments, LLC - Small Cap Growth9.12%17.67%22.50%18.88%20.86%0.90$171.6 Andrew MoreyBoston
Apex Capital Management - Small Cap Growth*9.10%13.15%18.11%21.00%18.73%1.12$960.2 TeamDayton, Ohio
Dana Investment Advisors, Inc. - Small Cap Equity8.99%14.91%20.76%20.14%18.86%1.06$218.1 TeamBrookfield, Wis.
Oberweis Asset Management Inc. - Concentrated Small-Cap Growth Strategy8.53%-3.00%10.87%12.93%22.40%0.57$141.3 TeamLisle, Ill.
The Boston Company Asset Management - Small Cap Growth8.04%9.44%18.93%16.74%18.53%0.90$498.0 Todd WakefieldBoston
Brown Advisory - Brown Advisory Small Cap Growth7.65%10.00%17.02%16.05%19.13%0.83$1,663.1 Christopher BerrierBaltimore
PENN Capital Management - PENN Small Cap Opportunistic Equity7.33%3.80%17.61%16.62%25.29%0.65$1,189.0 TeamPhiladelphia
Fred Alger Management Inc. - Small Cap Growth7.24%8.58%13.92%13.60%18.60%0.73$1,285.3 TeamNew York
TCW Investment Management Company - TCW Small Cap Growth7.23%10.60%13.69%11.68%21.23%0.55$217.6 TeamLos Angeles
Atlanta Capital Management - High Quality Small Cap Core*6.83%11.63%17.18%17.69%16.05%1.10$1,948.7 TeamAtlanta
Russell 20004.32%8.21%16.27%14.57%18.83%0.77

International, global, emerging-markets equity

Product1Q return1-year return3-year return5-year return5-year std dev5-year Sharpe ratioAssets ($M)ManagerLocation
Brandes Investment Partners - European Equity9.56%-7.06%12.60%8.18%21.50%0.38$405.5 TeamSan Diego
Gratry & Company - International Growth Equity7.96%6.30%10.06%7.90%16.61%0.47$499.6 TeamShaker Hts, Ohio
Thornburg Investment Management Inc. - Thornburg International Equity7.44%7.07%7.88%6.73%16.09%0.41$13,119.4 Charles WilsonSanta Fe, N.M.
AllianceBernstein - International Value ADR*7.18%1.69%8.94%4.39%18.81%0.23$1,365.6 Kevin SimmsNew York
PNC Capital Advisors - International Growth7.00%1.24%11.12%8.93%17.62%0.50$287.3 Martin SchulzBaltimore
Legg Mason Inc. - ClearBridge International Growth ADR SMA*6.88%5.53%11.00%8.15%17.36%0.46$598.9 TeamBaltimore
Cambiar Investors - International ADR6.68%2.10%10.53%9.66%16.78%0.57$2,504.8 TeamDenver
WCM Investment Management - Quality Global Growth Equity6.11%9.04%11.76%13.29%14.58%0.91$725.5 TeamMilwaukee
del Rey Global Investors - International Equity6.02%-2.12%6.53%3.10%14.47%0.21$381.5 Paul HechmerLos Angeles
Renaissance Investment Management - International Equity Wrap5.97%1.66%9.84%7.83%17.68%0.44$1,237.5 Joe G. BrueningCovington, Ky.
Brandes Investment Partners - International Equity5.78%-1.15%9.62%6.37%15.66%0.40$10,649.1 TeamSan Diego
Lazard Asset Management - International Equity Select ADR - SMA5.67%-0.74%10.14%8.67%16.54%0.52$4,173.6 TeamNew York
Tradewinds Global Investors - International ORD*5.60%-2.48%6.19%3.34%14.16%0.23$874.1 Peter L. BoardmanLos Angeles
Capital Group - Capital Group PCS Non-U.S. Equity Composite5.52%3.10%9.78%8.20%14.06%0.58$2,635.1 TeamLos Angeles
Capital Group - Capital Group International Equity SMA*5.43%2.19%9.75%8.17%14.28%0.57$768.5 TeamLos Angeles
Russell Dev ex North America Large Cap4.97%-0.90%9.45%6.49%17.27%0.37
Russell Dev Large Cap2.46%6.07%12.58%10.32%15.33%0.67
Russell Emerging Markets Large Cap1.92%0.70%0.71%2.26%17.96%0.12

U.S. fixed income

Product1Q return1-year return3-year return5-year return5-year std dev5-year Sharpe ratioAssets ($M)ManagerLocation
SMH Capital Advisors Inc. - High Yield Wrap3.78%-11.78%-1.33%3.29%9.44%0.34$136.6 TeamFort Worth, Texas
Principal Global Investors - Spectrum Preferred Securities3.75%12.03%7.86%8.68%7.75%1.11$15,160.0 TeamDes Moines, Iowa
Seix Investment Advisors - Corporate3.60%7.92%5.29%6.61%4.33%1.51$595.1 TeamPark Ridge, N.J.
Shenkman Capital Management Inc. - High Yield Bond Strategy3.38%3.35%6.73%7.94%5.36%1.47$12,561.8 TeamNew York
Brandywine Global Investment Management - High Yield3.27%1.47%8.01%10.77%5.59%1.91$398.4 TeamPhiladelphia
Newgate Capital Management - Total Return Income3.25%1.24%6.19%7.51%8.68%0.86$178.0 Avy HirshmanGreenwich, Conn.
Diamond Hill Capital Management Inc. - Strategic Income2.88%3.59%5.38%6.71%3.23%2.05$257.8 TeamColumbus, Ohio
Cincinnati Asset Management - Investment Grade Fixed Income2.85%7.30%5.21%6.99%4.43%1.56$1,529.9 Team ApproachCincinnati
SMH Capital Advisors Inc. - Diversified Income Strategy*2.69%-2.78%1.11%4.09%4.49%0.89$103.9 TeamFort Worth, Texas
Pacific Income Advisers - U.S. High Yield2.56%2.40%7.87%9.11%5.32%1.70$616.0 TeamSanta Monica, Calif.
Cincinnati Asset Management - Broad Market2.36%5.80%5.54%7.12%3.93%1.79$581.1 Team ApproachCincinnati, Ohio
Oppenheimer Investment Management - High Yield Fixed Income2.34%-1.43%6.11%7.40%6.26%1.17$239.0 Leo DierckmanCarmel, IN
Three Peaks Capital Management - High Yield Bond2.31%2.69%5.62%6.67%2.95%2.23$327.0 Sandy RufenachtCastle Rock, Colo.
PENN Capital Management - PENN Opportunistic High Yield Fixed Income2.24%-1.60%6.33%7.83%6.92%1.12$1,561.9 TeamPhiladelphia
Seix Investment Advisors - High Yield Bond Management2.23%4.07%6.73%7.92%4.47%1.75$14,596.5 Michael KirkpatrickPark Ridge, N.J.
Barclays Aggregate1.61%5.71%3.10%4.41%3.02%1.43

U.S. municipals

Product1Q return1-year return3-year return5-year return5-year std dev5-year Sharpe ratioAssets ($M)ManagerLocation
Belle Haven Investments - MuniPLUS1.45%6.64%4.47%5.46%2.71%1.98$580.1 TeamWhite Plains, N.Y.
GW&K Investment Management - Municipal Enhanced Yield Strategy1.39%10.30%5.86%7.00%6.49%1.07$168.3 TeamBoston
Nuveen Asset Management - Long Municipal Bond1.28%8.60%5.13%5.97%5.71%1.03$2,240.4 TeamChicago
Nuveen Asset Management - Municipal Total Return Bond1.21%7.11%4.29%5.38%4.48%1.18$886.8 TeamChicago
McDonnell Investment Management - Medium Duration Municipal Bond1.20%6.33%3.79%5.14%3.99%1.27$5,267.0 TeamOak Brook, Ill.
AllianceBernstein - Tax Aware Fixed Income (MA)*1.19%6.10%4.11%5.80%3.73%1.53$2,335.8 Guy DavidsonNew York
Lord, Abbett & Co. - Long Municipal MA1.18%9.47%5.05%6.20%5.92%1.03$3,916.3 Daniel S. SolenderJersey City, N.J.
Eaton Vance - TABS Intermediate Maturity1.17%5.79%3.33%5.15%4.08%1.24$2,695.7 TeamBoston
GW&K Investment Management - Municipal Bond Strategy1.15%6.11%4.05%5.59%4.24%1.30$13,924.7 TeamBoston
Neuberger Berman - Tax-Exempt Intermediate Maturity1.09%4.03%2.50%3.47%2.43%1.39$614.0 TeamNew York
Wasmer, Schroeder & Company Inc. - Strategic Tax Exempt Fixed Income1.09%9.30%5.89%6.75%5.38%1.24$251.2 TeamNaples, Fla.
Eagle Asset Management - High Quality Tax-Free - Retail1.07%5.00%2.94%4.21%3.40%1.21$1,377.9 TeamSt. Petersburg, Fla.
Neuberger Berman - Municipal Extended Core Fixed1.07%4.36%2.73%4.01%3.20%1.22$188.0 TeamNew York
Cumberland Advisors - Tax-Free Municipal Fixed Income1.05%6.28%4.05%4.95%4.13%1.18$659.5 TeamSarasota, Fla.
Caprin Asset Management - State Specific Municipal1.04%4.70%2.84%3.89%2.99%1.28$718.1 TeamRichmond, Va.
Barclays Municipal Bond1.01%6.62%4.05%5.11%4.09%1.23$0.0

*Preliminary. The separately managed account products listed in these tables generated the highest performance for the first quarter ended March 31. Rankings are based on performance reported to PrimaGuide research application by April 27. In case of ties, products are listed alphabetically. Past performance is not a guaranteee of future results, and advisers should rely on addtional factors when determining whether to include SMAs in their client portfolios. The PrimaGuide SMA universe isn't intended to be all-inclusive but rather represents a diversified group of products that are available to, and suitable for, the affluent retail investor. Source: Envestnet

*Preliminary. The separately managed account products listed in these tables generated the highest performance for the second quarter ended June 30. Rankings are based on performance reported to PrimaGuide research application by Aug. 7. In the case of ties, products are listed alphabetically. Past performance is not a guarantee of future results, and advisers should rely on additional factors when determining whether to include SMAs in their client portfolios. The PrimaGuide SMA universe isn't intended to be all-inclusive but rather represents a diversified group of products that are available to, and suitable for, the affluent retail investor. Source: Envestnet

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